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Munich, Daniel; Jurajda, Stepan; Cihak, Martin – 1999
The current recession in the Czech Republic is driven by aggregate demand, unsustainable growth of wages, weak enforcement of the legal system, non-operational bankruptcy law, and poor corporate governance. The wage dispersion has been growing continuously, and wage setting has become increasingly more responsive to market forces. Education has…
Descriptors: Adult Education, Developing Nations, Economic Change, Educational Change


